Download the Arrears Relief Calculator U/s 89(1) Up to Date from FY 2000-01 to FY 2015-16]
As the New Finance Budget 2015 has already declare the Income Tax Slab have not changed and same as past Financial Year, but some changes have been made and raised some maximum limit of some Tax Section in this Financial Year 2015-16.
1) The Income Tax Section 80 D Raised up to Rs. 25,000/- for general and up to Rs. 30,000/- for Sr.Citizen. Read more in details
2)
A new deduction U/s 80C have introduce in this Finance Budget 2015 in
the name of Sukanya Samriddhi Scheme Account which is Max Limit Rs.
1,50,000/-.Read this deduction in details
3) The Section 80CC have also raised up to Rs. 1,50,000/- in this Finance Budget 2015 for Pension Account.
4) Transport/Conveyance Allowance is double up to Max Rs. 1600 P.M.
5) Tax
Rebate Rs.2,000/- U/s 87A and Savings Bank Interest up to Rs. 10,000/-
U/s 80TTA will be continue in the Financial Year 2015-16.
In
Future it will be indispensable the Arrears Relief Calculator, as the
Central Govt and other some State Govt have already arrange to set the
7th Pay Commission to the Govt employees. In this Regard it may helpful
to calculate the Arrears Relief of Salary which can calculate by the
Income Tax Section 89(1) for Relief of Arrears.
The mtaxsftware.net
have already prepared the Up to Date Arrears Relief Calculator U/s
89(1) Since the financial year 2000-01 to Financial Year 2015-16 with
Form 10E.